China shares mixed at close of trade; Shanghai Composite up 0.18%

Investing.com – China equities were mixed at the close on Wednesday, as gains in the Life Insurance , Media and Electricity sectors propelled shares higher while losses in the Technology Hardware & Equipment , Technology and Gas, Water & Multiutilities sectors led shares lower.

At the close in Shanghai, the Shanghai Composite gained 0.18% to hit a new 52-week high, while the SZSE Component index declined 0.15%.

The biggest gainers of the session on the Shanghai Composite were Wuhan DDMC Culture Co Ltd (SS: 600136 ), which rose 10.03% or 1.55 points to trade at 17.00 at the close. Changshu Automotive Trim Co Ltd (SS: 603035 ) added 10.00% or 2.00 points to end at 22.01 and Dazhou Xingye Holding Co Ltd (SS: 600603 ) was up 10.00% or 0.860 points to 9.460 in late trade.

Biggest losers included FangDa Carbon New Material Co Ltd (SS: 600516 ), which lost 10.01% or 3.150 points to trade at 28.330 in late trade. ZhongTongGuoMai Communication Co Ltd (SS: 603559 ) declined 7.78% or 3.670 points to end at 43.500 and Shandong Bohui Paper Industry Co Ltd (SS: 600966 ) shed 7.26% or 0.520 points to 6.640.

The top performers on the SZSE Component were Jiangxi Huangshanghuang Group Food Co Ltd (SZ: 002695 ) which rose 9.99% to 22.47, Sichuan Kelun Pharmaceutical Co Ltd (SZ: 002422 ) which was up 6.86% to settle at 19.15 and Hangzhou Hikvision Digital Technology Co Ltd (SZ: 002415 ) which gained 6.63% to close at 34.56.

The worst performers were Yunnan Aluminium Co Ltd (SZ: 000807 ) which was down 8.50% to 12.59 in late trade, Tongfang Guoxin Electronics Co Ltd (SZ: 002049 ) which lost 8.00% to settle at 33.92 and Suzhou Dongshan Precision Manufacturing Co Ltd (SZ: 002384 ) which was down 7.68% to 26.67 at the close.

Declining stocks outnumbered rising ones by 738 to 526 and 57 ended unchanged on the Shanghai Stock Exchange.

The CBOE China Etf Volatility , which measures the implied volatility of Shanghai Composite options, was down 3.82% to 18.15.

In commodities trading, Gold Futures for December delivery was down 0.22% or 2.86 to $1290.94 a troy ounce. Meanwhile, Crude oil for delivery in November rose 0.26% or 0.13 to hit $51.05 a barrel, while the December Brent oil contract rose 0.11% or 0.06 to trade at $56.67 a barrel.

USD/CNY was up 0.06% to 6.5783, while EUR/CNY rose 0.22% to 7.7804.

The US Dollar Index Futures was down 0.10% at 93.00.